Among its major differentiators those that stand out are:
Industrial energy sustainability
EEGSA continues increasing its social and sustainable initiatives which range from the building of the Liniero Technical School to the addition of electric vehicles to its fleet to the introduction of biofuel through the project Reciclaceite.
“The company has always been committed to caring for the environment,” assured Alonso Duarte. “As we grow and expand the electric grid, sometimes it’s necessary to remove branches from trees, which is why we committed to reforestation,” he added.
Among its new sustainability targets is Project Reciclaceite, carried out with Guatemala city hall, the Minister of Mines and Energy, the Organizations of American States (OAS), Valle de Guatemala university, CANELLA LLC and the Guatemalan Association of Renewable Fuel and Solar Foundation. EEGSA invested $25 million USD in this pilot program which seeks to use dumped oil from six markets as the raw material to turn it into biodiesel and renewable fuel.
The second important effort is the acquisition of an electric fleet which will mean a vehicle change in the transportation operations of EEGSA.
“Now that we have an energy headquarters, which has a high content of renewables, we believe it’s necessary to act with integrity with the use of fuels that are gentle to the environment when we have the vehicular mobility driven by electricity since it’s less contaminating than the fossil fuel,” stated Alonso Duarte after talking about the fuel mix B25 (25 percent biodiesel, 75 percent fossil diesel.)
With these green initiatives, EEGSA is an example in Latin America, since it’s not just reducing pollution in the country, but it’s backing local industry and reducing the price of electricity thanks to cost efficiency.
More than partners
Under Grupo EPM’s new mandate, EEGSA hopes to consolidate its logistics by digitalizing all its long-distance operations, consolidating up to 80 percent of needs electronically.
“With suppliers we want to consolidate the orders of electric materials for all of the companies in the corporation, which have different sites and dates of delivery. There are also variations on the specifications of materials due to the regulatory demands of each country,” said Alonso Duarte.
Another stand out partnership involves Grupo Onyx, one of the most important telecommunications companies in Guatemala, with an electricity generation project based on photovoltaic solar energy under a 15 year contract.
Due to the fact that the electricity company services six percent of the nation, 70 percent of the electricity that is consumed in Guatemala circulates inside of this area, which is why EEGSA’s strategic plans revolve around the neighboring region’s great potential, with more competitive prices and an improvement in the quality of the supply.
“EEGSA has the best electricity contracts. We have overcome three bid contests in the long term and we continue to win bids in the short term where we can see that we can improve electricity prices. We’re no longer dependent on oil and even though we still have supply sources derived from crude oil, the majority is renewable, especially the hydro electrics and sugar farm ideas,” stated Alonso Duarte.
The future of the electricity company
EEGSA expects to keep a sustained growth of 3 to 4 percent annually as long as demand grows (they have more than 1M customers) and as part of its own growth closer to nearby communities.
In terms of innovation, we foresee a development based on the Smart Grid. Through the pilot program this technology would mean a digitalization between the consumer and EEGSA. This means online payment, long-distance monitoring, consumer reports, and online consultations.
BKW Group: Driving digital change for energy and technology
SAP Cloud for Utilities: an integrated industry solution
TerraCycle: unlocking data to drive next-gen sustainability
TwinThread: driving value-added technology in manufacturing
SSE Energy Services
Staatsolie Maatschappij Suriname N.V: Uncovering one of South America’s largest untapped oil reserve
How Enervest is making solar investment a viable option in Australia
EDM: Offering Mozambique a sustainable energy lifeline
How Schneider Electric’s digital technology is powering the mines of the future
Lilongwe Water Board: Utility suppliers with a customer focus
Sarawak Energy Berhad: Fuelling sustainable growth with hydropower
Tehran Energy Consultants’ mission to the Iranian oil and gas industry
First Solar: Delivering solar to Australia en masse
Canadian Solar Inc: A brighter future for the solar industry
Prysmian Group: Connecting Australia with more than cables
Envac: Removing waste, creating value
Proserv: Challenging convention with ingenious simplicity
Cadillac Fairview: Becoming Canada's greenest employer
Zedi: Persevere and pivot: How an oil and gas technology company can thrive